Course Conclusion for my Personal Finance 1 Course, INDV 102

Richard H. Serlin, University Of Arizona

Abstract

This article concludes my personal finance 1 course by summarizing what I think are for most people the three most important things to know in personal finance today: 1) Professor Warren's Balanced Money Plan, 2) The key basics of real estate, and 3) The importance of diversification (in many areas, not just stock investing). I assign this article only after students have read cover-to-cover Harvard Professor Warren's book, "All Your Worth: The Ultimate Lifetime Money Plan" (with Amelia Warren Tyagi). If you haven't read this book, you can still get a great deal out of the article, but there are some terms and concepts you may not be familiar with. I do, though, strongly recommend this inexpensive paperback to everyone. I think it is by far the best personal finance book on the market.